FGV’s plan to take control of KPF units deemed fair

Quantephi said it recommends that shareholders vote in favour of the resolution at the forthcoming EGM.

PETALING JAYA: Independent adviser Quantephi Sdn Bhd has deemed FGV Holdings Bhd’s proposed RM229.8mil acquisition of full control of eight subsidiaries from Koperasi Permodalan Felda Malaysia Bhd (KPF) as “fair and reasonable” and not detrimental to non-interested shareholders.

The assessment was provided in an independent advice letter included in FGV’s shareholder circular filed with Bursa Malaysia yesterday.